EXCHANGE OF PROPERTIES.

Otago Daily Times, Issue 19531, 14 July 1925, Page 8

EXCHANGE OF PROPERTIES.

EIGHTS OP LAND AGENTS. (Per United Press Association.) • AUCKLAND, July 13. Commenting on a case in which the same land agent acted for both parties, Mr Justice Heed, speaking in the Supreme Court to-day, said that if an agent, employed by both parties, in respect of the exchange of landed property (the fact of the double agency being known to such parties), had no special knowledge relating to either property and confined himself simply to introducing the parties, leaving them to make "their own bargain, the transaction was a legitimate one and would stand both as regards proceedings between the parties and in respect of the land agent’s right to commission. If, on the other hand, the land agent was possessed of any special knowledge regarding either of the properties, information in respect of which it was important that the non-owner should be possessed of in order to be in a % position to exercise reasoned judgment, and such information was not imparted, the land agent had failed in his duty, ami it was no excuse that the information was acquired whilst acting as agent for the other party.